U.S. crude oil drops over 2% as Houthi attacks rattle traders
Published . Updated .
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WTI fell 2.19% to $101 and Brent fell 1.89% to $114.51 as traders weighed supply risks against demand worries
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Tanker freight rates rise when ships avoid the Red Sea. Linked by “houthi” in this story
- XLE Energy Select Sector SPDR+7.4% 30d
Energy prices move when a shipping lane is disrupted. Linked by “houthi” in this story
- USO United States Oil Fund+8.2% 30d
This fund moves with oil prices. Linked by “crude + supply” in this story
- BNO United States Brent Oil Fund+14.2% 30d
Tracks Brent, the global crude benchmark. Linked by “crude + supply” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| BNONo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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U.S. crude oil drops over 2% as Houthi attacks rattle traders qz.com
Source: qz.com
Red Sea
| Company | When | Move | Status |
|---|---|---|---|
| XLE | three days earlier | -1.69% | final price |
| XLE | five days earlier | -2.19% | final price |
Red Sea, seven days against thirty
Geopolitics Alpha has 81 stories about Red Sea from the past 7 days and 162 stories from the past 30. That is faster than its usual pace over the past month. “U.S. crude oil drops over 2% as Houthi attacks rattle traders” is tagged to Red Sea.
How solid the energy case looks
12 out of 100
“U.S. crude oil drops over 2% as Houthi attacks rattle traders” scores 12 out of 100. The score uses 1 sources.